Electronic Money Institution – Fact Sheet


EMIs in Malta are licensed and regulated in terms of the Financial Institutions Act under the MFSA (Malta Financial Services Authority).

Permissible activities for EMIs:

  • Issuing of Electronic Money;
  • Provision of payment services in terms of the licensable activities applicable to PSPs;
  • Granting of credit related to payment services listed under certain PSP activities;
  • Operational services and closely related ancillary services in respect of the issuing of electronic money or the provision of payment services;
  • The operation of payment systems;
  • Certain business activities other than the issuance of electronic money;
  • EMIs may issue debit cards (such as a chip device) but may not issue credit cards.

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